Autonomys: Solving the Farmer's Dilemma
In blockchain networks, miners or farmers face a crucial decision: allocate storage for the blockchain's history or prioritize maximizing storage for consensus. This trade-off, known as the farmer's dilemma, can lead to centralization and compromise the network's security.
Autonomys' Innovative Solution
Autonomys, leveraging the Subspace protocol, offers a groundbreaking solution to the farmer's dilemma. By decoupling consensus from state storage, Autonomys enables farmers to efficiently store the blockchain's history without sacrificing their ability to contribute to consensus.
Key Benefits:
Enhanced Decentralization: Autonomys' approach fosters a more decentralized network by encouraging greater participation from farmers with varying storage capacities.
Improved Efficiency: Decoupling consensus from state storage reduces the computational overhead for farmers, making it more accessible and cost-effective.
Enhanced Security: A decentralized network with a larger number of participants strengthens the overall security and resilience of the blockchain.